CHAPTER 3: FINANCIAL INSTITUTION - Students will research at least three different financial institutions (at least one must be a credit union) that they would be interested in depositing their salary/wages. They will then choose the bank or credit union that best meets their goals and fill out an application for an account at that institution. They will tell why they have chosen this particular bank, and they will indicate which services they will use at the bank. (SOL. GOVT. 15a, 16c, 17)
Chapter 3 Requirements
Summary Page to include:
Name the three banking institutions you have compared and describe why you chose the one that you did. You should include services, charges, location, interest rates, and anything else that influenced your decision.
Additional Required Information:
Complete a PACED Decision making model in order to choose which one is best for you! (Must include brochures or advertisements containing information on the financial institution with evidence highlighted to back up your decision) Include comparison information on a checking account, online banking services, a savings account, an ATM card, and credit cards. List fees for services, interest rates, overdraft protection, and minimum balance on accounts.
Complete a sample application from the banking institution you choose.
Chapter 3 Requirements
Summary Page to include:
Additional Required Information:
Checking & Savings:
- Bank of America
- BB&T
- MemberOne Credit Union
- StellarOne
- Suntrust
- Virginia Credit Union League
- Wells Fargo
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